120 a los 65 social pension
Panama's 120 a los 65 programme paid a non-contributory pension to an average of about 123,000 older people per payment during July 2019–June 2024, with B/.890.835 million programmed over the period and a national beneficiary register used to target eligibility.
123,000 people, average beneficiaries per payment, 2019-07 to 2024-06. 890,834,970 Panamanian balboas, programmed investment in the period, 2019-07 to 2024-06. Ministerio de Desarrollo Social, management report 2019–2024, retrieved 2026-08-31.
The move, and what it needed
Panama created a tax-funded pension for older people outside formal contributory schemes, then used the Registro Nacional de Beneficiarios and scheduled payments through banks and hard-to-reach-area operations to make eligibility portable across provinces and comarcas.
Preconditions
- A national identity and beneficiary register that can verify age, residency and pension status
- A budget commitment that survives changes in the contributory pension system
- Payment logistics and local access points able to reach people outside the banking network
Where it travelled: Non-contributory pensions travel where formal employment leaves older people uncovered. Panama's case shows that the registry and payment route are as important as the transfer promise, especially in remote and Indigenous territories.
Limits: Beneficiary and budget figures show administrative reach, not adequacy, take-up, payment regularity or reductions in poverty and health insecurity. The average covers several years and the register can miss older people in remote areas; the programme's own report is not a causal evaluation.